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Mustard seed, oil prices fall after govt allows duty-free imports of crude soyoil, sunflower oil

25 May 2022 4:00 pm
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Jaipur, 25 May (Commoditiescontrol) Mustard seed and oil prices dropped in the domestic market on Wednesday after the government allowed duty-free imports of crude soybean oil and sunflower oil at 20 lakh tonnes each annually for next two years.

Prices of 42 percent conditioned mustard were down Rs 75 at Rs 7125-7150 per quintal (GST excluding) in the benchmark market of Jaipur.

Arrivals of mustard seed across the country were 4.5 lakh bags of 80 kg each against 4.5 lakh bags previous session.

The major markets of Rajasthan received 2 lakh bags of mustard seed and arrivals of mustard seed were 30,000 bags in Madhya Pradesh, 75,000 bags in UP, 60,000 bags in Haryana and Punjab, 20,000 bags in Gujarat and 65000 lakh bags in other markets.

Mustard oil expeller traded Rs 10 down at Rs 1460-1461 per 10 kg and Kachhi Ghani was also Rs 10 up at Rs 1470-1471 per 10kg. Mustard seed cake prices were flat Rs 2725-2750 per quintal.

CPO for May delivery was offered flat at $1850 per tonne and Soyoil degummed for May delivery was steady at $1850 per tonne.

In Indian currency, CPO prices were quoted flat at Rs 1473 per 10kg and RBD palmolein gained Rs 15 to trade at Rs 1535 per 10kg. Soybean refined was flat at Rs 1540 per 10kg and degummed rose Rs 10 to Rs 1520 per 10kg. Sunflower refined traded flat at Rs 1870 per 10kg.

(By Commodities control Bureau; +91 9820130172)

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